Indictment Of Hackers Hints At New Risk To Financial Markets Infrastruscture; What Hackers Want
- Created: Friday, 26 July 2013 10:11
However, in a separate case filed by federal authorities in Manhattan, a hacker ring was indicted for breaking into the servers of the Nasdaq, the world's second-largest stock exchange. "They were able to 'execute commands on those servers, including commands to delete, change or steal data,'" says The Times quoting the indctment.
This incident can serve as a reminder to advisors about financial-data security.
Like Willie Sutton, who, when asked why he robbed banks, legendarily responded by saying, "because that's where the money is," hackers go where the money is.
They're not so much interested in portfolio reports or client statements as they are in getting at passwords and being able to conduct transactions. That's the data you need to guard most carefully.